Member Since: 21st Jul 2009
The Beatons Group are chartered accountants, registered auditors, tax advisors, and financial and accounting outsourcers with offices in Felixstowe & Ipswich, strategically located to cover counties in the Eastern Region.
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25th Apr 2017
It is not surprising as the provision of information isn't what this resource is intended for. This is a similar situation as the provision of forms SA302 for mortgage applications. HMRC was finding their limited resource stretched too much with providing mortgage reference information so they changed how this is provided. Whilst they are unable to say no specifically this situation as this will be part of their MTD systems the hurdle in providing information should deter agents and push them into finding a system which uses the HMRC API to provide this information automatically anyway.
19th Dec 2014
It is horrible. Accessing
It is horrible. Accessing various aspects of HMRC site were much clearer before the transfer. From what I can see they just want to make the front page look more attractive with photo's for news updates rather than functional.
I can understand the desire to have all government sites using a similar format and functionality. It will provide familiarity when someone tries a different section of the government sites, but I don't think this migration has been handled well. And for pure use of the site you would have thought for the sake of a month and a half they might have practically look to implement the changes after 31 January 2015 to minimal disruption to the 2014 tax return submissions.
30th May 2012
I believe this rule is ludicrous. But if you don't give HMRC at least equal rights as football creditors then quite simply they will have to close down more clubs.
It is disgusting that £39.5m of £40.26m tax debts were unpaid. I am a football supporter and have seen my club in administration and also struggle with unscrupulous owners. HMRC must now view football clubs as high risk areas and if there is a single default on payment seek full recovery through winding up procedures if necessary. In no way can they allow arrears to build up as they have done before. HMRC is the largest creditor in most of these cases. If they can't quantify the liabilities because returns haven't been prepared then they need to take action early. I think it is amazing Rangers FC didn't pay any PAYE/NI in the time their previous owner was in place. Est. £9m debt wasn't it?
Who loses out when the likes of Leeds United or Portsmouth go into administration? The players? the other clubs? no, the people who lose out are unsecured creditors like HMRC and like the sub-contractors who water the pitch, do the signs, provide catering for corporate hospitality, St John's ambulance etc.
9th May 2012
IR35 Risk assessment not application
These guidelines are for risk assessment not establishment of application. In themselves the do not determine whether IR35 will apply. As 0103953 states those will be based upon case law.
The question to most is how will they find these high risk companies among the many that file PAYE end of year documentation. These current ask does IR35 apply, for even a medium risk they might be stating no, because the criteria still doesn't fit. Will the P35 declaration change next year to Low, Medium & High rather than yes/no?
Once they have identified these companies, proof of a low risk is apparently sufficient to make them go away. We will see if it that easy.
-Has it changed? I am not sure.
-Are they closer to pulling more businesses into the realms of IR35? I don't really think so unless they intend in raising IR35 enquiries en-masse to any company with 1 or 2 directors. This in itself feels like a monumental task.
-Will they target known industries where these IR35 contractors are likely to roam and approach these through the larger customer/end user? Do they have the rights & powers to do so?
-Are they hoping these documents push taxpayers to correctly appraise and self-assess liability to IR35 and come forward? I suspect like numerous other disclosure opportunities there will be very poor returns in this field.
They still seem like they are clutching at straws and until they start winning some tribunal cases enforcing IR35 I don't think contractors will be too concerned by these announcements.
25th Apr 2012
I find providers are offering insurance with their schemes now. The fees within the schemes include insurance to cover legal fees, but also in many instances now also the tax potentially at stake if HMRC challenge.
In those instances you have to question whether they really believe they would win if challenged? Is this an indication of confidence that they can get someone to insure the risk, or a huge admission that there is a risk.
Most people who are involved in these types of schemes are the perennial risk takers with tax avoidance schemes so they are usually versed in the pro's and con's and take them because the downside is their investment is usually maintained and only the tax relief is limited upon which they have to pay interest? Not usually a huge downside risk for them. The rates charged are reasonably high but not as penalising as they would not manage to achieve elsewhere, or not paid for by the tax savings on the other 2 schemes that did work!
As for counsels opinions as JeremyNewman states you can get one to fit most situations. I recall many moons ago a client of mine when told an arrangement would be taxed said he would pick up the phone and quoted some notable tax counsels saying he was sure he could get one to support his view. Sadly I don't doubt his claim.
13th Mar 2012
This reads like an advert not a discussion/debate
I see the need for you to try and differentiate yourself from Companies House formation service because you quite simply cannot compete on price alone.
Personally we use Jordans as an agent for our company formations and have been happy with the service that we have received, but the fees are significant when compared to Companies House formations. I appreciate we often ask for more complex articles and shares with different rights so where this happens I expect a greater cost. But for a standard formation, costs are considerably higher than Companies House formation service.
We offer considerable support for clients through the formation process because it is more than the formation itself they they need help with, and as much as we live in a digital age, sometimes speaking to someone face-to-face about what is a major decision in their lives is important to them. But our time costs money too.
We are in times of austerity and where new businesses are forming the chances of success are relatively low, So it is understandable if they choose to minimise their costs where possible for non-core business activities. I will not call that folly.
23rd Feb 2012
It hasn't collected, but then it has always been muted as a temporary measure. This in itself reduces collection as people could accelerate income or subsequently defer it for a period. But not indefinitely.
Remove all doubt, embed it into the UK system at least for the term of this government. See how much it collects in year 2, 3 and 4. You cannot make a judgement on a single years figures and expect to make any practical conclusions from it.
It is a political tool as much as a revenue generation exercise anyway. It isn't whether it collects 50% tax, but rather that people are aware that those who are most able to contribute when times are tough are. So you don't abolish it because it isn't practically doing so.
Precisely what merit would abolition achieve?
20th Jan 2012
People aren't bothered !
In the current climate peoples concerns are for ensuring the tax system correctly taxes the exceptionally wealthy individuals & large corporates.
There simply isn't the appetite from the man on the street to go to the expense of overhauling the IHT system which has always been classed as a voluntary tax.
Any changes to tax legislation are simply free demand generation exercises for accountancy firms. Let the government change things, accountancy firm uses the media to scare people and bingo huge demand for services.
We should be using the limited government resources more appropriately than instigate an overhaul of this tax.
8th Dec 2011
Cooperation tax has just made me smile.
Although perhaps there should be some bigger cooperation relief for those who pay PAYE/NIC/VAT on time!
6th Dec 2011
I like football
but I am 100% behind HMRC on this one.
There is no reason why football creditors should have protected status. Not only are HMRC being deprived of significant sums in tax, but also all of the smaller (non-football) businesses in the local area who are cut-adrift but this ruling.
Imagine having the same rules in every industry. No reason why we shouldn't. We will make sure we pay all other accountancy firms before HMRC on winding up etc. the rule is a complete nonsense.